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Ryan Kavanaugh’s Triller, Which Gained Buzz With Boxing Streams, To Go Public In $5B Merger With Ad Tech Firm SeaChange

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deadline.com

Triller, the social media platform majority-owned by former Relativity Media chief Ryan Kavanaugh, is going public in a reverse merger with ad tech firm SeaChange.The deal will result in a new entity called TrillerVerz, which will be valued at $5 billion and trade on the Nasdaq under the new ticker symbol ILLR.

SeaChange has already been a  public company. Its shares jumped 38% on the news, to about $2.46.By joining forces, the companies said, they aim to become “a leading AI-powered social media platform for content, creators & commerce.” The goal, they added, is to “create a leading voice on the Web3.0 movement and embrace the power of decentralized systems to enable greater participation in the multi-hundred billion dollar creator

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